The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Material For Textiles, Apparel, Leather And Related Products Manufacture Of Textiles 13.92 - Manufacture of made-up textile articles, except apparel
178 jobs Number of planned job losses
Announcement Date
13 November 2018
Employment effect (start)
13 November 2018
Foreseen end date
31 January 2019
Description
Romanian textile manufacturer Nelia Fine Stayle has announced plans to dismiss 178 employees by January 2019 from its plant in Turnu Magurele, Teleorman County. The redundancies are taking place due to the increasingly unstable financial situation of the company and the decrease in the number of orders for the company’s products. The territorial Labour Inspectorate, ITM Teleorman, has announced that it will carry out strict controls to make sure the company abides by the legal provisions related to the collective redundancy proceedings.
Sources
Citation
Eurofound (2018), Nelia Fine Stayle, Internal restructuring in Romania, factsheet number 95827, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/95827.
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